Aggarwal agrees to plead guilty to SAC Capital insider trading

Yet another defendant has agreed to plead guilty in the Manhattan U.S. attorney's sweeping insider trading probe, CNBC has learned. Former sell-side analyst Sandeep Aggarwal, charged in July with providing inside information to a portfolio manager at SAC Capital, is scheduled to appear in court on Friday to enter a guilty plea.

In July, prosecutors charged him with two counts of conspiracy for passing on information about a pending partnership between Microsoft and Yahoo to SAC portfolio manager Richard Lee. In July, Lee pleaded guilty to insider trading, and SAC this week agreed to plead guilty to criminal charges and pay a record $1.2 billion penalty.

Aggarwal was with Collins Stewart (which was later acquired by Cannacord Genuity) during the alleged misconduct in 2009. At the time Aggarwal was charged, Cannacord said it had cooperated in the investigation. Aggarwal was an occasional guest on CNBC.